BERLIN (dpa-AFX) - The financial services provider Hypoport has continued to grow thanks to an upturn in real estate finance and gains in market share. The financing volume processed via the Europace platform climbed by 28 percent to 16.09 billion euros in the second quarter, the SDax-listed company announced in Berlin on Wednesday. In the first half of the year, the volume amounted to 31.22 billion euros, an increase of 22 percent compared to the previous year. Business with the savings banks and cooperative banks grew particularly strongly.

Demand was particularly strong for real estate financing for existing properties. The company attributed this to the fall in interest rates compared to 2023, slightly rising property prices and a gradual deterioration in rental supply. The lending volume for new construction remains low due to the continued very high construction costs, it said. The same applies to borrowing for energy-efficient renovations and the refinancing of expiring loans./mne/jha/